San Pedro, CA 90731,578 W Oliver
San Pedro, CA 90731,578 W Oliver
San Pedro, CA 90731,578 W Oliver
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$675,000
Est. payment /mo
5,183 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26011242

HOA Y/N No

Year Built 1925

Lot Size 5,183 Sqft

Property Sub-Type Duplex

Property Description

Exceptional opportunity to own the lowest-priced income property currently available in San Pedro. This unique property functions as two essentially stand-alone houses on one lot, each with its own private entrance. One unit is accessed from the street, while the second is accessed from the alley, offering excellent separation and privacy.

The property generates approximately $40,380 in annual gross rental income. The advertised cap rate is based on gross income only and does not take operating expenses into consideration. Annual operating expenses, including new property taxes, are approximately $10,500, allowing buyers to determine their own net return based on individual operating assumptions.

Owner-Occupant Opportunity:
Ideal for a buyer looking to live in one unit while renting out the second. The separate entrances provide privacy, and the rental income can help offset the monthly mortgage, making this an attractive option for an owner-user seeking flexibility and affordability.

Investor Opportunity:
A strong entry-level investment in San Pedro with two separate dwelling units on one lot. With below-market pricing and future upside potential, this property offers a compelling opportunity for investors looking to improve operations, address deferred maintenance, and increase long-term returns.

Located near the Port of Los Angeles, with a major new port-related development scheduled to open this year. This project is expected to bring additional jobs, increased economic activity, entertainment attractions for visitors, and continued investment to the area, further driving demand for housing and adding long-term upside to San Pedro's already strong rental and ownership market.

Opportunities like this are rare—get in early before others do.

Location

State CA

County Los Angeles

Area 189 - Barton Hill

Interior

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description Yard

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7448027021

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Virtual Tour https://bow-los-angeles.aryeo.com/sites/rnnbzza/unbranded

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CRMLS – RECore
Listed by Carol Anne Mills Keller Williams Realty 310-701-2486

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